| | Weekly business and foreign investment news roundup in Asia by Asia Briefing and Dezan Shira & Associates. |
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| | | | India’s new labor codes revamp the compliance landscape with fewer criminal penalties, digital-first inspections, structured compounding, and sharper accountability across wages, safety, industrial relations, and social security – setting the stage for more predictable enforcement. | | | | | AGILE-PRO-S, fully integrated with SPICe+, pushes India’s single-window incorporation system further by enabling new companies to complete tax, labor, and establishment registrations in one streamlined filing, significantly reducing early-stage compliance friction. | | | | | The Ministry of Corporate Affairs (MCA) has raised the financial thresholds for small-company classification, allowing a wider pool of businesses, including fast-growing start-ups and MSMEs, to benefit from simplified reporting, lighter audit norms, and reduced corporate governance requirements. | | | | | India has opened the sixth round of PLI applications for crucial APIs, such as Meropenem and Ritonavir, to expand domestic bulk drug capacity. The window remains open until December 26, offering an attractive incentive opportunity for eligible manufacturers. | | | | | The overtime framework in the Occupational Safety, Health, and Working Conditions (OSHWC) Code 2020 mandates double wages for extra hours, updates work-hour ceilings, and allows state-specific variations. This requires employers to align payroll systems, shift allocations, and monitor state compliance checks. | | | | | We clarify the scenarios in which GST authorities initiate bank account freezes under Section 83, detail the escalation and review process, and outline practical steps companies can take to mitigate exposure and secure liquidity. | | |
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COMPLIMENTARY BUSINESS RESOURCES: |  | | | | | In this Guide to Accounting and Audit in China 2026, we walk foreign businesses through the annual audit and compliance process from start to finish. | | | | | This guide helps foreign companies enter and scale in India’s growing consumer market with confidence. Expert regulatory and tax advisors ensure faster approvals, reduced risk, and sustained growth. | | |
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UPCOMING EVENTS FOR ASIA: | | | Webinar | Tuesday, December 16, 2025 | 2:30 PM India / 4:00 PM Vietnam / 5:00 PM China | | | | | Expert Talk | Tuesday, December 16, 2025, 4:15 PM (Arabian Standard Time) | Riyadh, Saudi Arabia | | | | | Hybrid | Tuesday, December 23, 2025 | 4:00 PM China / 3:00 PM Vietnam / 9:00 AM CET |
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